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Bid in Treasuries undermines dollar
US 10-year yields are down 4.5 bps to 1.69% and that’s spilling over into FX where the dollar is slumping.
AUD/USD has nearly erased its entire decline on the day. It’s trading down 5 pips to 0.7593 from a low of 0.7532.

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Search Web: US dollar dollar on the defensive as yields fall

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